Spacelabs Healthcare Awarded Novation Contract for Patient Monitoring & Connectivity Solutions

ISSAQUAH, Wash.--(BUSINESS WIRE)-- Spacelabs Healthcare, a leading innovator of patient monitoring and connectivity solutions, today announced that it has been awarded a three-year contract to provide its complete line of patient monitoring solutions to the VHA, UHC, and Provista members served by Novation, a leading healthcare supply contracting company. This new agreement begins Dec. 1, 2011, and has two one-year extension options.

Spacelabs Healthcare’s accurate, reliable, and easy-to-use patient monitoring and connectivity solutions offer fast access to comprehensive patient information when and where needed to support decisions which, in turn, can improve response time, advance patient care, and enhance patient safety. For instance, clinicians on the go can have complete access to patient information including near-live waveforms and graphical trends on their iPads or other mobile devices thanks to ICS Xprezz, Spacelabs Healthcare’s new mobile app for iPad.

“Novation has our ongoing commitment to provide innovative technologies that help improve efficiencies, increase profitability, and enhance patient outcomes for the members it serves,” said Nicholas Ong, President of Spacelabs Healthcare.

About Spacelabs Healthcare, Inc.

Spacelabs Healthcare, Inc. (www.spacelabshealthcare.com), a wholly-owned subsidiary of OSI Systems, Inc., is an international developer, manufacturer and distributor of medical equipment and services including solutions for patient monitoring and connectivity, anesthesia delivery and ventilation, diagnostic cardiology and supplies and accessories selling to hospitals, clinics and physician offices. The Company has offices in the United States, United Kingdom, Canada, France, Germany, Italy, China, India and Singapore and distribution partners in more than 100 countries around the world.

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements include information regarding the Company’s expectations, goals or intentions about the future, including, but not limited to, statements regarding the performance of the Company’s patient monitoring & connectivity products. The actual results may differ materially from those described in or implied by any forward-looking statement. Other important factors are set forth in the Securities and Exchange Commission filings of OSI Systems, Inc. All forward-looking statements speak only as of the date made, and we undertake no obligation to update these forward-looking statements.

About Novation

Founded in 1998, Novation is the leading health care supply contracting company for more than 25,000 members of VHA Inc. and UHC, two national health care alliances, and 5,500 members of Provista, LLC, representing more than 30,000 sites. Novation provides alliance members sourcing and information and data services. Based in Irving, Texas, Novation develops and manages competitive contracts with more than 600 suppliers. VHA, UHC and Provista members used Novation contracts to purchase approximately $40 billion in 2010.



CONTACT:

Spacelabs Healthcare, Inc.
Ross Garland
425-657-7200 x4000
[email protected]

KEYWORDS:   United States  North America  Washington

INDUSTRY KEYWORDS:   Technology  Hardware  Practice Management  Health  Hospitals  Medical Devices  Medical Supplies  Managed Care

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